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A Comparative Study of Financial Transaction Cards - Credit & Debit Cards

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  • Sivakumar Nadarajan

Abstract

In today's world the use of debit and credit card have become so widespread that their volume has overtaken or entirely replaced cheques and, in some instances, cash transactions. Since the transactions are cashless and are performed on-line, it becomes the most popular mode of payment. Increase in e-commerce and the ease of online transactions and payments has led to an exponential increase in the number of people opting for online purchases. This has automatically led to an increase in the number of fraudsters trying to exploit the transparence involved in online transactions. This article defines the most common things of debit card and credit card transactions and compares both credit and debit card nature.

Suggested Citation

  • Sivakumar Nadarajan, 2017. "A Comparative Study of Financial Transaction Cards - Credit & Debit Cards," International Journal of Scientific Research in Computer Science, Engineering and Information Technology, International Journal of Scientific Research in Computer Science, Engineering and Information Technology, vol. 2(6), pages 694-698, December.
    • Handle: RePEc:jbh:ijsrcs:v2:y2017:i6:id:hcseit1726181
    Note: Article URL: https://ijsrcseit.com/CSEIT1726181
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